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Nonprofit · EIN 47-5255658

ITS POSSIBLE FOUNDATION INC

Tax-exempt · MADISON, WI 53703

Financials

$108K$124K2023$180K$134K2024
Revenue Expenses · by fiscal year end
Financials of ITS POSSIBLE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$179,858$133,647$46,211$2,762,231$0$2,762,231
December 31, 2023990-PF$107,662$123,520-$15,858$2,574,730$0$2,574,730
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$48,102
Interest
$14,292
Net gain from sales of assets
$117,464

Expenses

Grants and similar amounts paid
$120,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$120,122
Excise tax on investment income
$2,312

Balance sheet and other

Total assets, start of year
$2,574,730
Total assets, end of year
$2,762,231
Total liabilities, end of year
$0
Net assets, end of year
$2,762,231
Fair market value of assets
$2,762,231
Qualifying distributions
$120,122
Net investment income
$179,858

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
THERESA DVORAK
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
PRESIDENT/TREASURER/DIRECTOR1$0
CARL DVORAK
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
VICE PRESIDENT/DIRECTOR1$0
ALYSSA DVORAK
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
SECRETARY1$0
BOB SORGE
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
DIRECTOR1$0
DAVID REINECKE
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
DIRECTOR1$0
DAVID NORTHCUTT
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
THERESA DVORAK
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
PRESIDENT/TREASURER/DIRECTOR1$0
CARL DVORAK
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
VICE PRESIDENT/DIRECTOR1$0
ALYSSA DVORAK
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
SECRETARY1$0
BOB SORGE
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
DIRECTOR1$0
DAVID REINECKE
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
DIRECTOR1$0
DAVID NORTHCUTT
150 E GILMAN ST SUITE 5000, MADISON, WI 53703
DIRECTOR1$0

Address and contacts

Address (IRS master file)
150 E GILMAN ST STE 5000, MADISON, WI 53703-1482
In care of
% FOLEY & LARDNER LLP
Signed the 990-PF
THERESA A DVORAK, PRESIDENT/TREAS./DIRECTOR
Phone
(608) 777-4649
Return prepared by
BAKER TILLY ADVISORY GROUP LP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
47-5255658
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2016
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$2,762,231
Income (IRS master file)
$755,655

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$179,858$133,647$2,762,231XML
990-PFDecember 2023$107,662$123,520$2,574,730XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5255658).

Questions about ITS POSSIBLE FOUNDATION INC

What is the EIN of ITS POSSIBLE FOUNDATION INC?
The employer identification number (EIN) of ITS POSSIBLE FOUNDATION INC is 47-5255658.
Is ITS POSSIBLE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to ITS POSSIBLE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ITS POSSIBLE FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of ITS POSSIBLE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ITS POSSIBLE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of ITS POSSIBLE FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does ITS POSSIBLE FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $179,858, expenses of $133,647 and total assets of $2,762,231 at year end.

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